Hi Slick, any chance you could kindly expand on why the impact would be a big negative over 3%? I don't follow this area at all, but even at current levels where we have c.3.4m shares short, it doesn't seem like a big deal? Say a $10 share price move either way is either going to lose you or make you c.$34m spread out over an unknown number for parties who comprise the shorts - doesn't seem that much in the grand scheme of things.
If a long insto shareholder went from 1.5% to 3%, I don't think the market would even blink.
Thank you!
NEU chart, page-1752
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Last
$17.09 |
Change
0.000(0.00%) |
Mkt cap ! $2.184B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $18.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.00 | 3429 | 4 |
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| Last trade - 16.16pm 08/08/2024 (20 minute delay) ? |
| NEU (ASX) Chart |
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